(VND 0 9 billion for Generali Vietnam and VND 1 6 billion for Aviva Vietnam) but has a better growth than Aviva in the following years (VND 2 7 billion for Generali Vietnam and VND 1 7 billion for Avi.
(VND 0.9 billion for Generali Vietnam and VND 1.6 billion for Aviva Vietnam) but has a better growth than Aviva in the following years (VND 2.7 billion for Generali Vietnam and VND 1.7 billion for Aviva Vietnam) The company with the better equity growth of the two is Hanwha Life when it started with only 0.4 billion VND but has been raised to billion VND by the end of 2021 Figure 1.6: Total equity of Aviva and other companies in 2017-2021 (Source: Aviva’s Annual Report, Hanwa Life Vietnam’s Annual Report, Generali Vietnam’s Annual Report and Sun Life’s Annual Report in 2017-2021) As for Sun Life, it can be seen that the company had a modest start but gradually increased its equity in the period 2018-2019 and has grown rapidly in the period 20192020 In the two years 2020-2021, Sun Life's equity grows more slowly than in previous years According to Investopedia, companies with smaller equity tend to have less risks in their investments because they have less debt burdens than other companies with more equity This proves that Aviva Vietnam is the company with the least risk among the mentioned insurance companies However, less equity means the company's cash flow will not be high, making it difficult for Aviva Vietnam to have enough capital to invest in future projects